|Day's Range||111.64 - 112.034|
|52 Week Range||106.7760 - 114.5110|
The U.S. dollar was trading mostly unchanged on Tuesday, continuing what’s been a quiet start to the week for the greenback. Meanwhile, Société Générale says volatility for the asset hasn’t been this low in years.
The US dollar did very little during trading on Monday as we await some type of catalyst to get moving. There are economic announcements later in the week that could get things rolling, so at this point it looks as if traders are content to simply sit around and wait for momentum to come back to the market.
The British pound drifted a little bit lower during the trading session on Monday to kick off the week, but we are sitting above a significant support and a couple of technical indicators as well. With that in mind it’s a bit difficult to put serious money to work in the short term.
The catalysts behind the movement of the Japanese Yen this week will be the Bank of Japan Outlook Report, Monetary Policy Statement and BOJ Press Conference. Traders expect the BOJ to leave policy unchanged, while warning that it may ease if necessary.
Investing.com - This week investors will be looking ahead to Friday’s data on U.S. first quarter growth, which is expected to show that the economy is stabilizing after a recent soft patch.
Since the main trend is up and based on the close at 111.936, the direction of the USD/JPY on Monday is likely to be determined by trader reaction to the nearest uptrending Gann angle at 111.718.
USD/JPY sustained near the 112 levels, staying apathetic over BoJ’s bond purchase cuts. The EUR/USD showed less reaction to the greenback weakness today. USD/RUB marks day’s high near 64.05 levels.
The US dollar has gone back and forth against the Japanese yen, reaching at the ¥112 level, which of course has been massive resistance. That being said, it looks as if we have work to do.
The British pound fell during the week, reaching down towards the ¥145 level. At this point, the market is trying to find a bit of a springboard underneath, but we may have a little further to go.
The US dollar continues to go sideways overall against the Japanese yen, as we head into the Easter holiday. At this point, the lack of liquidity would have made the candlestick on Friday less than impressive, but quite frankly if you look at the rest of the week, it was much the same.
With the lack of liquidity on Friday, the British pound didn’t do much against the Japanese yen. However, we are at a very interesting level that we should be paying attention to.
The U.S. dollar is holding near a two-week high on Friday, on what has been a quiet session for currencies with most other major U.S. and global exchanges closed for the observance of Good Friday.
With the major financial markets closed for the day, volumes will be on the lighter side. U.S housing data will be the only numbers for the Dollar to respond to.
The US dollar pulled back against the Japanese yen during trading on Thursday, as we continue to struggle to break above the ¥112 level with any great momentum.
The British pound has drifted a bit lower against most currencies over the last several days, and the Japanese yen will be any different. At this point though, we are approaching a very interesting level.
Investing.com - The U.S dollar jumped against its rivals on Thursday as mostly upbeat economic data pointed to strength in the underlying economy.
The euro feels pressure after a disappointing round of purchasing managers index readings point to further weakness in eurozone activity.
Based on the early price action and yesterday’s close at 112.077, the direction of the USD/JPY on Thursday is likely to be determined by trader reaction to yesterday’s high at 112.170.
Investing.com - The Australian dollar rose on Thursday in Asia on stronger-than-expected jobs data for March. The euro also inched up ahead of the release of euro zone PMI data later in the day.
The US dollar continues to face resistance against the Japanese yen, as the ¥112 level has been crucial. If we break down, there is significant support just below as well. In other words, we are essentially stuck in a bit of a range.
The British pound went back and forth against the Japanese yen on Wednesday, essentially doing nothing as we hover around the ¥146 level. At this point though, there are couple of places to pay attention to on the chart.
Investing.com - The U.S. dollar was flat against its rivals Wednesday. The Fed's Beige Book noted moderate wage growth, but that drew a muted reaction from the greenback.
The U.S. dollar was off slightly versus its biggest rivals Wednesday after data showed the pace of Chinese economic growth steadied in the first quarter, helping to soothe fears of a global economic slowdown. The ICE U.S. Dollar Index (DXY) a measure of the currency against six major rivals, was off 0.1% at 96.918. China’s economy grew 6.4% year over year in the first three months of 2019, according to government data, matching the pace of growth in the final quarter of 2018 and coming in slightly above expectations for an expansion of 6.3%.